The outlook for federal debt represents a significant economic challenge for the United States. Economic developments and policy changes…
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Research Summary
The microfinance “group lending” approach has achieved widespread success in promoting high rates of repayment, and thus…
Economist Anders Jensen has long been intrigued by differences in state capacity – the capability to provide public goods such as education…
Can taxes on consumption redistribute in developing countries? Contrary to consensus, we show that taxing consumption is progressive once…
Exploiting a new global macro-historical database of effective tax rates, we uncover an intriguing pro-tax-capacity effect of international…
Decades of low inflation led to widespread use of dollar-denominated financial instruments with fixed interest rates and long maturities.…
Written for a PIIE conference on the 50th anniversary of floating exchange rates, this paper deals with possible alternatives to a unipolar…
vlog's Linda Bilmes analyzes the debt ceiling showdown, the deal the two sides reached, the historical cause for Washington’s budgeting…
This paper shows that China's lending boom to developing country sovereigns has largely ended and that debt distress and defaults are…
Springtime in Washington D.C. brings out the cherry blossoms and a surge of tourists — along with the recurring game of chicken over the…